Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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35p+
It bothers me not at all what others think of my posting style. I'd rather be polite with an opinion than rude just for kicks. I've said nothing weavy.
Let me make it clearer for you understand as comprehension doesn't appear to be your strong point.
Ive said; it's a bad situation, there is little to nothing investors can do to avoid dilution if it comes; costs are king to future viability; I think you're generous with 15%.
I'm afraid I have a life and so I think I'll get on with that and leave you to your boredom. Go hug a tree.
Bye
FFS let's try that again....ignore my last garble, edited below. Must proof read more :
I shared my views monkey. It's very clear what I think no zig zags at all. Regarding what others do ,it's always a decide for yourself.
You have your views. I have mine. John doe has theirs. I'm not afraid to share my opinion if I was I wouldnt say what I've said here yesterday / today. I just respect it's only my opinion and it's not a pre requisite to share my views in a rude way.
I've no need to tree hug. I can shoot straight. I just choose to be more considerate and provide some context, given the situation people find themselves in here. Try it one day, you may find your points at more accepted and engaging.
Atb
I shared my views monkey. It's very clear what I think no zig zags at all. Regarding what others do ,it's always a decide for yourself.
No zig zag at all.
You have your views. I have mine. John doe has theirs. I'm not afraid to share my opinion if I was I would say what I've said here yesterday / today. I just respect it's only my opinion and it's not a pre requisite to share my views in a rude way.
I've always no need to tree hug. I can't shoot straight. I just choose to me more considerate and provide some context, given the situation people find themselves on here. Try it one day, you may find your points at more accepted and engaging.
Atb
This 'nice guy' is 'checking out this share' as he had an investment here. I know the situation, some of the people on this BB and like to check in and keep an eye on the situation. I'm interested.
I've absolutely no requirement or need frankly to justify any of that to you monkey, but I did and won't justify it again.
With that said.....regarding....
'Hey fuku would u think its a good idea to sell all you shares if only a small share issue comes out to start??? Or would you leave your entire stake in the game my man?'
My answer is
1. Rambler is suspended and I have no magic wand to make or lose money here.
2. I would like those with a position in rmm to get out of this without too much pain, or dilution. But it's a very bad situation.
3. What I 'think' is a good idea or what I'would' do is of no relevance to what others choose to do.
4. Any dilution would be announced with very little existing shareholders can do to stop it and save the company/their investment. IMO.
5. If i had to decide if I held or sold a position is irrelevant tbh (as per point 3) but I personally would base any decision on the root causes. For example what's the c1/c3 cost look like going forward, do they have a viable plan to reduce them and do I believe the terms of any financial resolution they make are viable and sustainable.
@fuku.
Nice to see you still keep an eye out on this share. I agree with your (as usual), levelheaded views tbh. I initially was pretty sanguine ultimately about the outcome of my investment here. Despite the total financial screw up they made.
However, & realistically the longer it drags out. The less optimistic I become. Which is a terrible shame given the progress of the turnaround, and the in demand resource base, that whilst bumpy was starting to really deliver in Q3 last year.... And then....and then..... :-(
We will see. I guess we are due a TB RNS pretty soon on where it all stands. I just hope he says something to clarify what they have been really doing for the last 5 months. Not another wishy washy update.
Be nice to resolve this one way or the other. So many can move on. Not least the tedious agenda driven numptys you rightly commented on.
Regards.
Yugo,
RMM certainly deserve credit in the improvements they've made in the mining operations.
However despite the operational improvements, the fact is the costs are too high and their grasp of their general financial position was poor.
Their are in default with suppliers, they have been unable to repay the debt burden and they stopped trading not due to market manipulation but pending clarification of their financial position.
I don't say this with pleasure, or an agenda. I am simply calling it as it really is.
I genuinely hope they manage to resolve the balance sheet issues they face for existing shareholders.
RMM mined around the same quantity of copper in the last quarter with 20% less staff, its called being more efficient, FACT.
100 Hours of downtime and they still produced the same quantity, FACT.
No one knows what the actual costs are for the last quarter, only wild, wild assumptions, FACT.
Last 4 RNS's have all been positive, RMM chose to suspend their trading, it was their choice to stop the market manipulation.
Nothing like a good old bit of compassion for other hey monkey!
If you think you're the smartest person in the room you don't need to be a d!CK about it.
More constructive ways to put the same point across.
Good idea to try and combine forces.
Although I feel bad saying this. If rambler had multiple options I suspect they'd have executed some, or one by now.
I suspect the options may be limited, albeit I'd hope not unreachable. While I can understand current stock holders wouldn't want significant dilution, and say they would refuse to approve it, when faced with a narrative of it's this or nothing. I suspect they'd have no choice.
Hopefully it won't come to that for you all though. I know many have lots still in here.
Atb I'm keeping it crossed for a good outcome for you all in due course
Very good point.
Cu dropping off now with US job figures. Under 4.10 now.
The lack of a hedge, if possible (again).
It does make me wonder what is going on in the background.
Interesting.
Hi Pedro,
Have you been suggesting they take out further hedges? couldn't believe not seeing a RNS when copper was over 4.2
In case not a member already and interested there is an excellent investor group to join, where small shareholders have joined together to engage (and put pressure) on RMM. This is now of a decent enough size to keep management focused on pursuing shareholder friendly solutions to the issues. In my view this is important as the whole current situation seems rather engineered to me. Please respond if you are interested in joining and somebody can supply the Discord link and details what to do to join. It is a good effort and well worth participating in this investor group!
Dilution can't be more than 10%. Old investors not going to shoot themselves by voting big dilution .with $1 million savings from November ,550+ production ,and $9000/ton cu price they don't have to dilute at all if they want .Only problem with rambler is it has a incompetence BOD who were greedy last year when copper was 4.50+ and they didn't hedge .within next 3 months rambler will be back on track and by q4 2023 we may see 40p+ again as copper is predicted $10000/ton by then and inflation will calm down rapidly from h2 2023 .
"simple matter of how they gonna get money".....
Yes..... But the point is; that still many of us (unlike you presumably). Actually hold fairly sizable existing positions.
Bought at far higher averages. On the back of improving technicals. But have been dropped in it by the disengenuous financial messages and management incompetence.
To us. That "simple" matter of resolving the monies is totally the point.
I am convinced you have traded out (and some time ago by your switch to deramping over the last year), and now intend. In the event of a large dilution to buy back in. So regarding your credibility....we are back to my main point last weekend.
For WHOM is it to be a greatest time in RMM history....
You have ramped, then de-ramped, now ramping again this share during my 2.5 years invested here.
You simply talk your book. As such your riddle like utterings are no more that bare faced self interest. Don't try and make it out as anything more than it is Moon.
right first iconic labs had 6 pound on balance sheet worth saving. they have billions of shares in play but they are back finally again. rmm not finished its simple matter of how they gonna get money as i expect it be 1 bring down shares. that fine we need 100 million. or refiance that also fine. it is finally rmm time to shine. they never had 4 scopes they mining really well with less people amazing. if toby is still here well he doing his job better then rest
@ spero
I have never been called big grg, well not when awake.
What support do you recommend? A large roof beam?
When you say there are lots of other resource available are you hinting at jumping off a cliff or chucking myself under a bus or picnic on the train line?
Only joking mate.
Still have to laugh, its only paper.
2 to 3 years is my guess.
No problem is that big Grg200666. I hope you can find some support here, but there are lots of other resources available.
DM me if you need (and if my free LSE account allows it).
Moon i have to admit your posts (when i could make out what you were saying) did give me a little hope here.
After looking at your history and the shares you are involved in chat i see little hope.
Why are you so sure RMM will come good? Is it that you think that at least one of your share picks must come good?
I have just invested in a nice length of rope and just waiting for the RNS to use it.
if you can put together a positive post ( not in riddle ) with reasons then please do.
Moonie. I think your the one that don't understand. Just don't understand. But here on planet earth we do understand
You just don’t understand buddy. Really don’t understand why no one see it
When rmm is coming back for trading again ? How long it takes to fix refinance with new gen especially when copper been $9000+/ ton for last few weeks ?
Moon, You subject your audience to coprophagy - i.e. consumption of your posts.
Sometimes I pee when I poo, not fecal advise.